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Greenidge’s Growth Surge: Armistice Capital Investment Sparks 10% Stock Soar

Greenidge Generation Holdings has entered into a securities purchase agreement with Armistice Capital, resulting in an initial investment of $6 million. This investment will support Greenidge's growth strategy, including expansion into low-cost power centers, bitcoin mining, and AI infrastructure. Shares of Greenidge rose 10% following the announcement.

by John Darbie
Mon, Feb 12, 2024 8:41pm
in Business
• 2 mins read
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Greenidge's Growth Surge: Armistice Capital Investment Sparks 10% Stock Soar | FinOracle

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Greenidge Generation Holdings Enters Into Securities Purchase Agreement with Armistice Capital

Shares of Greenidge Generation Holdings (Ticker: GRN) rose 10% to $5.22 following an announcement today that the company has entered into a securities purchase agreement with Armistice Capital. The agreement includes an initial investment of $6 million, which will provide long-term capital to support Greenidge’s growth strategy.

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